In a concerning development, the popular cryptocurrency portfolio tracking app CoinStats has issued a warning to its users, advising them to migrate their funds from wallets created on the CoinStats platform. This comes after the company reported a “security incident” affecting the platform.
Security Incident and Scam Notification
CoinStats, which allows users to create wallets and track their crypto assets across different blockchain networks, has acknowledged that the security incident has impacted the wallets created directly within the app. The platform clarified that this does not affect externally connected wallets.
Interestingly, CoinStats also reported that an iOS notification was sent to some users, falsely informing them that they had won a giveaway. This notification was identified as a scam, likely stemming from the same security incident.
“We are currently experiencing a security incident affecting wallets created directly within CoinStats; this does not impact externally connected wallets,” the platform announced on X (formerly Twitter). They urged users, “If you have your private key exported, move your funds ASAP.”
We are currently experiencing a security incident affecting wallets created directly within CoinStats; this does not impact externally connected wallets.
If you have your private key exported, move your funds ASAP.
— CoinStats (@CoinStats) June 22, 2024
Platform Taken Offline for Investigation
In response to the security incident, CoinStats seems to have taken its platform offline while it investigates the issue. The company’s homepage now features a placeholder message acknowledging the security incident and promising to release a detailed post-mortem “asap.”
Potential Scam Attempt Uncovered
According to a Reddit user, Duneswinton, the CoinStats app displayed an advertisement for a fake website before the platform was taken offline. This website allegedly attempted to trick users into installing a configuration program on their iOS devices, potentially granting the attackers access to the affected devices.
Unclear Extent of Impact
At this time, it is unclear how many users or funds were affected by the security incident. The details of the incident and the extent of the impact are still being investigated by the CoinStats team.
This is a developing story, and users are advised to exercise caution and follow the platform’s recommendations to move their funds from wallets created on the CoinStats platform.
